Buy Uber shares - how to invest in Uber shares in Singapore

The modern world can't be imagined without Internet technologies. Modern innovative procedures have penetrated the world of commerce, the world of service and services, training and regular communication.

The topic of investment was not left apart. Now, using the Internet, you can detect the wide world of stock trading, delve into the essentials of the stock market and make investment operations in the comfort of your own home. Even in the event that you live in a small province of Singapore, everything you will need is net and a minimum starting amount of a few bucks.

Today we'll have a look at how to put money into Uber stocks in Singapore.

Uber's initial name was UberCab. The company started its activities from 2009. The company is headquartered in San Francisco, California. Uber provides intermediary services for taxis and passengers, clients and food companies. Today the brand is represented in more than 600 cities and 76 countries around the world.

The organization's products are on line platforms (mobile programs and site ) in the field of transportation services: cab service, cargo transportation (Uber Freight), food delivery (Uber Eats). Uber is also developing a motorcycle and bicycle rental company, and has ambitions to create a fleet of autonomous (self-driving) taxis and air fares.

Uber official website
Uber official website

Uber's IPO (public offering of the organization's shares on the stock exchange) happened on May 10, 2019, but not very favorable market conditions decreased the initial offering price of $45 per share. As of September 13, 2019, Uber's share price has dropped more than 20% to $33.25.

The organization ended 2018 with annual revenue growth of $11.3 billion, up 43% from the previous year. At the end of 2018, the Uber system had over 30 million monthly users.

On account of this global pandemic and, consequently, reduced demand for the organization's services, the past year hasn't been a simple one for Uber.

Summing up the results of 2020, the company reported a small recovery in the number of taxi service excursions along with a 130% increase in delivery solutions. Uber posted lower-than-expected declines, but failed to reach earnings estimates.

Uber is also not yet committing any predictions for 2021 because of the uncertainty of macro conditions due to this COVID-19 pandemic.

In areas where the incidence has fallen significantly, the business said there is a quick recovery in demand, though some business travel is expected to be lost as many office workers have moved working from home.

Uber's shares
Uber's shares

At the exact same time, Uber has made amazing strides, with all new acquisitions, developing partnerships and subscription apps promising more earnings and gains in 2021.

Uber reported a fourth-quarter loss per share of $ 0.54down 16 percent from last year and slightly better than analysts' estimate of $ 0.55 loss per share.

Total earnings fell 21 percent to $ 3.2 billion, below the $ 3.58 billion average analyst estimate.For all 2020, Uber's earnings decreased 14% to $11.14 billion, but the company managed to reduce losses by 20%.

While the coronavirus pandemic has dealt a large blow to Uber's global cab business, it has also accelerated the growth of additional Uber Eats food delivery businesses and Uber Freight cargo delivery companies.

Uber administration noted that the company's delivery company more than doubled in a year to nearly $44 billion.

In Q4, full bookings in the shipping section were up 130% year-on-year, while Uber Freight was up 43 percent. The amount of taxi rides decreased by exactly half of last year's value, but enhanced compared to the previous quarter.

Uber is ramping up its non-food supply, also in the fourth quarter it partnered with retailers such as H&M at Canada and Seiyu supermarket and department stores in Japan.

Membership programs: Uber Pass, Eats Pass and Postmates Unlimited, which offer discounts and bonuses however, need a monthly subscription, have increased to 5 million members and currently have membership programs in 16 nations.

To lower its costs, Uber sold its unprofitable business units: Advanced Technologies Group (ATG), a self-driving automobile technology company, and its own air taxi business, Elevate. Both deals were closed in January 2021. Uber also completed the sale of its Didi shares for approximately $207 million.

Before this month, Uber announced a deal to obtain the alcohol delivery program Drizly, which the firm plans to integrate with Uber Eats, its own food delivery service.

As of the date of this writing, Uber's share price is $57.68 and remains positive. 

How to invest in Uber shares
How to invest in Uber shares

How to invest in Uber shares in Singapore?

Uber is a relatively new company on the stock market.

To put money into Uber stocks, you will need a licensed intermediary - a broker who works with those shares.

To choose a great agent, focus on the following things:

  • if the agent is licensed by renowned regulatory authorities to engage in brokerage activities;
  • availability of a professional site with all the Essential information;
  • accessibility of comments for consultations;
  • cheap trading conditions with a wide range of trading instruments;
  • accessibility to technical indicators for assessing stock price fluctuations;
  • access to free educational materials;
  • rate of query execution;
  • accessibility of various available procedures for withdrawing funds.

No dividend is paid on Uber shares. Technically, this is justified by the fact that all profits go to lively growth and expansion of the corporation. This practice has a right to exist and has proven its effectiveness over once.

How to buy Uber stocks?
How to buy Uber stocks?

Therefore a favorite method of investing in Uber is CFD (Contracts for Difference) trading, where you trade the difference in price per share between the opening and closing times of a trade. In other words, you need to be able to predict a possible rise or drop in the value of shares on the industry. In this case, you can get profit only together with the right forecast of the behavior of the share price.

Most online platforms, even when picking the type of CFD trading, allow you to utilize the"multiplier" option, with which you can expand the invested amount in accordance with the chosen multiplier (multiplier) coefficient.

But, remember that trading by means of a multiplier, on the one hand, allows you to multiply your potential gain, but, on the other hand, carries more risks of losing money.

Share purchase platform
Share purchase platform

How to buy Uber shares in Singapore?

To begin investing in stocks online, register on the online investment platform given by the brokerage company. Registration is fast and simple, it takes just a couple of minutes. Fill out the registration form, the program will automatically send you a confirmation to your email. So,  confirm your email and begin working on the platform.

Registrating on the investing platform
Registrating on the investing platform

You will be motivated to begin on a free demo account. The platform automatically credits a particular amount of fictitious funds to this account so you could execute your very first trial operations without the danger of losing real money. Generally, the amount of fictitious money is 10,000 (this figure may differ on various programs ) and this number is more than enough to practice in the beginning. In case it turns out the training surgeries were ineffective and you do not have sufficient fictitious funds, in most cases you can restore them and try again.

The value of a demo account can hardly be overestimated. It's an exact replica of the real account, the only distinction is that your real funds will be on the real account. Thus, with a demonstration account, you can obviously see how the system works: how to buy or sell stocks, how to allow a specific function, such as multiplier and others. At precisely the exact same time, you do not risk your personal funds.

How to open an account?
How to open an account?

Of course, you can't withdraw cash from a demo account.

To start real trading on the platform, deposit the amount to a live account. This may be done using a bank or any of those payment methods indicated on the platform. Generally, funds are credited automatically. In some cases, crediting may take up to five banking days. The minimum amount for replenishing a true account is largely $10. This makes it possible to start trading without having a good deal of capital.

In any situation, you need to always remember that trading is a risky business, so once you don't have sufficient experience, start with small amounts so that in the event of a failed trade you won't incur substantial financial losses.

As a rule, you are able to withdraw funds from your account in precisely the same manner regarding top up using the same payment systems or bank card.

Payment methods for investment
Payment methods for investment

How to invest successfully online?

Online trading is a somewhat complicated procedure. In order to invest effectively, making a profit, not a loss, it isn't enough to simply study the work of the stock market. It is well worth remembering that the organization's share price is influenced by a range of external factors that must be taken into account when investing, such as the political scenario in the nation, foreign economic relations and economic legislation in the country, the global economy, global political trends, etc. It's also worth paying attention to whether the current service or product is produced by this company, whether it intends to expand further, or, conversely, will close. It is logical to follow the news about the businesses in which you intend to make investments. At the same time, we advise you to use just verified sources of information.

So, summarizing all the above, let's single out where to start investing:

  • locate a decent internet agent;
  • register on the platform for online investing;
  • get acquainted with instructional materials on the web;
  • try to trade with a free online account;
  • follow political and economic information in Singapore; 
  • follow political and economic information in the country where the company is found;
  • follow the information on a worldwide scale to comprehend global trends.

Like any other activity generally, investing requires a comprehensive passion for the process. If you would like to become a successful investor, you have to make learning about the stock market your hobby, and following market trends should be your daily habit.

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